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<section article="gin" article_name="Insurance" number="14-115.1" title_number="14" title_name="Entities That Act as Health Insurers" subtitle_number="1" subtitle_name="Nonprofit Health Service Plans">
  <level label="a">
    <text>In this section, “officer” means any officer that a Maryland corporation is required or permitted to have under § 2-412 of the Corporations and Associations Article.</text>
  </level>
  <level label="b">
    <level label="1">
      <text>An officer of a nonprofit health service plan shall act:</text>
      <level label="i">
        <text>in good faith;</text>
      </level>
      <level label="ii">
        <text>in a manner that is reasonably believed to be in the best interests of the corporation and its controlled affiliates or subsidiaries that offer health benefit plans;</text>
      </level>
      <level label="iii">
        <text>in a manner that is consistent with the mission of a nonprofit health service plan as required under § 14-102(c) of this subtitle; and</text>
      </level>
      <level label="iv">
        <text>with the care that an ordinarily prudent person in a like position would use under similar circumstances.</text>
      </level>
    </level>
    <level label="2">
      <text>Except for the receipt of reasonable remuneration in conformity with § 14-139 of this subtitle, an officer of a nonprofit health service plan may not use the position of officer for personal or financial enrichment.</text>
    </level>
    <level label="3">
      <text>A violation of this subsection shall be considered an unsound or unsafe business practice under § 14-116 of this subtitle.</text>
    </level>
  </level>
</section>
